Grabcar Vs Uber Income Malaysia

Grab also claims that by driving just two hours a day or 14 hours a week you can earn a minimum of rm1 792 in guaranteed gross income per month.

Grabcar vs uber income malaysia. We have been shocked by big uber fares far outside the original price range. You have no idea what kind of fare is accumulating. We ve updated this article to include one more ride hailing option that we ve noticed. With uber being out the picture the e hailing service in malaysia is now left with grab and it s new rival called mycar.

Rahman believes that ride sharing is no longer a viable source of part time income. The general perception was that the competition between uber and grab has helped keep prices low for malaysians. It s similar to the uberx service offered by uber in malaysia. When the news broke that grab has acquired uber in malaysia many of us thought the same thing.

Inland revenue board of malaysia irbm has on 31 march 2017 released a press statement to clarify that the individual income tax imposed on uber and grabcar drivers is similar to the tax imposed on an individual who is carrying on a business. Grabcar economy is the cheaper means of transportation and it offers casual rides for daily usage. How much can you earn based on the same distance and duration of trip for both uberx and grabcar economy. This is higher than uber s revenue multiple of about 5x based on its most recent valuation of 76 billion in august 2018 and didi chuxing s valuation multiple of around 7 5x.

On the other hand grabcar is a premium service for the more sophisticated and discerning passengers who want a more luxurious and memorable experience. Chong however believes that from an economics point of view it is still a viable source of income especially for part timers. However uber also charges higher commission at 25 while grabcar s commission is only 20. Which one can offer you the best service rates.

Fare service through various initiatives set such as its justgrab feature that hails fixed fare across grabtaxi and grabcar rides at a single tap of the button. Uber rides are even worse than taxis on this point because uber cars don t have a meter to watch and the app is no help either. There s too much competition these days he says alluding to the popularity grab and uber has received through the years. Govt may put tax on uber grabcar service providers e filing for income tax can be submitted from march 1 subscribe to our newsletter and get news delivered to your mailbox.